08.06.2016
![]()
DGAP-News: KTG Energie AG's corporate rating set to (watch)
KTG Energie AG / Key word(s): Rating
08.06.2016 15:24
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
KTG Energie AG's corporate rating set to (watch)
Hamburg, 8 June 2016 - Creditreform Rating has set KTG Energie AG's
corporate rating of BB+ to (watch) as part of its monitoring activities. In
a press release issued on June 6, 2016, the parent company KTG Agrar SE
announced payment default on interest relating to the loan 2012/2017 (ISIN
DE000A1H3VN9). As KTG Agrar SE did not provide sufficient information in
relation to this matter, the company's rating was suspended. The financing
relationships between the two companies are being verified for changes
since the last rating of KTG Energie AG due to the latest development as
well as corporate governance risks. The corporate rating of the parent
company KTG Agrar SE has significant influence on that of the subsidiary
KTG Energie AG which has been set to (watch) on this basis.
About KTG Energie AG
KTG Energie AG is committed to an integrated, sustainable business model in
which the production of renewable commodities does not compete with
foodstuff production. With 85 employees at the end of 2015, KTG Energie AG
operated biogas plants with a total capacity of more than 60 MW, which both
feed processed biogas directly into the natural gas grid and use biogas for
power production. From fiscal year 2015/2016, this will result in a secured
sales base of up to EUR90 million and an EBITDA base of up to EUR28
million.
Contact:
Investor Relations / Press
Tobias M. Weitzel
BSK Becker+Schreiner Kommunikation GmbH
Phone: +49 2154-8122 16
E-mail: [email protected]
08.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: KTG Energie AG
Ferdinandstr. 12
20095 Hamburg
Germany
Phone: +49 40 76755372
Fax: +49 40 76755374
E-mail: [email protected]
Internet: www.ktg-energie.de
ISIN: DE000A0HNG53, DE000A1ML257,
WKN: A0HNG5, A1ML25
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
|